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AerCap Holdings N.V. (NYSE: AER) is a leading global aviation leasing company offering comprehensive fleet solutions to approximately 300 airline customers worldwide. With its headquarters in Dublin and offices across major cities such as Amsterdam, Los Angeles, Singapore, and Shanghai, AerCap provides unparalleled services in leasing, financing, sales, and management of commercial aircraft and engines.
The company's extensive portfolio includes one of the world’s largest fleets of modern, fuel-efficient aircraft. AerCap's robust long-term capital structure supports its strong profitability and cash flow. The firm is renowned for its high-quality assets, including a significant order book for new, technologically advanced aircraft that meet the industry's stringent emission standards.
Recent achievements highlight AerCap's proactive approach to market demands and sustainability. In 2024, the company signed 82 lease agreements, completed 21 aircraft purchases, and sold 49 assets. Additionally, AerCap has committed to buying 150 new CFM LEAP engines, emphasizing its focus on fuel efficiency and environmental responsibility.
AerCap's financial health is solid, demonstrated by its 2024 first-quarter net income of $604 million and strong adjusted earnings per share. The company also announced a new $500 million share repurchase program and initiated a quarterly dividend, reflecting its confidence in future cash flows and commitment to shareholder value.
Furthermore, AerCap is dedicated to ESG principles, as evidenced by its seventh annual ESG Report. The report details the company's advancements in fleet modernization, emissions reduction, and social governance initiatives, underscoring its role in promoting sustainable aviation.
Overall, AerCap continues to lead the aviation leasing industry, leveraging its strategic partnerships, innovative solutions, and strong financial foundation to meet the evolving needs of the global aviation market.
AerCap Holdings N.V. (NYSE: AER) has announced new lease agreements for two Boeing 737-800 aircraft with Aloula Aviation, a subsidiary of Aramco. The aircraft will be used for transporting Aramco Group passengers in Saudi Arabia. This deal expands AerCap's existing relationship with Aramco, which was previously focused on helicopter leasing through Milestone Aviation. The agreement represents Aloula Aviation's first directly leased aircraft for passenger operations in Saudi Arabia.
AerCap Holdings N.V. (NYSE: AER) has announced the filing of its interim financial report for the third quarter ended September 30, 2024. The report, which includes unaudited condensed consolidated financial statements and notes, has been filed with the U.S. Securities and Exchange Commission. The Form 6-K filing is accessible through AerCap's website investor section and the SEC's website.
AerCap Holdings reported strong Q3 2024 financial results with net income of $375 million, or $1.95 per share, and adjusted net income of $463 million, or $2.41 per share. The company achieved a 99% utilization rate and 27% gain-on-sale margin. Operating cash flow reached a record $5.6 billion for the last twelve months. Basic lease rents were $1,605 million, up 2% year-over-year. AerCap increased its full-year 2024 adjusted earnings guidance from $10.25 to $10.70 per share and authorized a new $500 million share repurchase program.
AerCap Holdings N.V. (NYSE: AER) has announced its plans to release third quarter 2024 financial results on October 30, 2024. The company will host a conference call and webcast for investors and analysts on the same day at 8:30 a.m. Eastern Time. The earnings press release will be available before U.S. financial markets open, and presentation slides will be posted on AerCap's website.
Interested parties can access the call live by dialing +1 646 828 8193 (U.S./Canada) or +353 1 246 5638 (International) with the code 7036670. Alternatively, the webcast can be accessed through AerCap's website. A replay of the webcast will be archived on the company's website for one year.
AerCap Holdings N.V. (NYSE: AER) has reported significant business activities for the third quarter of 2024. The company signed 160 lease agreements, including 13 widebody aircraft, 107 narrowbody aircraft, 24 engines, and 16 helicopters. AerCap also completed 41 purchases, comprising 27 aircraft, 13 engines, and 1 helicopter. Additionally, the company executed 25 sale transactions involving 18 aircraft, 3 engines, and 4 helicopters.
In terms of financial activities, AerCap signed financing transactions totaling approximately $10.5 billion, which included $2.4 billion of senior unsecured notes. The company also repurchased about 5.5 million shares at an average price of $91.03 per share, amounting to approximately $497 million. Furthermore, AerCap paid a quarterly cash dividend of $0.25 per ordinary share.
AerCap Holdings N.V. (AER) has successfully completed its inaugural $500 million Sukuk issuance, priced at a 4.500% profit rate with a five-year maturity. The trust certificates were issued by Aercap Sukuk The company plans to use the net proceeds for general corporate purposes, including acquiring, investing in, financing or refinancing aircraft assets and repaying indebtedness.
Arab Banking (B.S.C.) acted as Arranger and Joint Lead Manager, while Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, HSBC Bank plc, J.P. Morgan Securities plc, and KFH Capital Investment Company K.S.C.C. served as Joint Lead Managers. Warba Bank K.S.C.P. acted as Co-Lead Manager for the issuance.
AerCap Holdings N.V. (NYSE: AER) has announced the signing of lease agreements with Azerbaijan Airlines (AZAL) for six new Airbus A320NEO family aircraft. The deal includes three A320neos and three A321neos, all powered by CFM LEAP engines, scheduled for delivery in 2026.
Peter Anderson, Chief Commercial Officer of AerCap, expressed delight in welcoming AZAL as a new customer and highlighted the A320neo and A321neo as highly desirable aircraft that will support AZAL's fleet modernization and network expansion. Samir Rzayev, AZAL President, emphasized that these leases will significantly expand their fleet replacement, particularly with the popular A321neo, aiming to enhance passenger comfort and expand their route network.
AerCap Holdings N.V. (NYSE: AER) has announced a new $500 million share repurchase program, running through March 31, 2025. This is in addition to the $105 million remaining from a previous program announced in May 2024. The total share repurchase authorizations since March 2023 now amount to $4.4 billion.
CEO Aengus Kelly expressed confidence in the company's aircraft values and outlook, stating that share repurchases are viewed as an attractive use of capital. The program will be funded using cash on hand and cash generated from operations, with the timing and number of shares to be purchased determined by management based on market conditions and other factors.
AerCap Holdings N.V. (AER) has announced the pricing of $2.4 billion in senior notes through its subsidiaries. The offering consists of $1.3 billion in 4.625% Senior Notes due 2029 and $1.1 billion in 4.950% Senior Notes due 2034. These notes will be fully guaranteed by AerCap and certain subsidiaries. The net proceeds will be used for general corporate purposes, including aircraft asset acquisition, investment, financing, and debt repayment.
The offering is being managed by several prominent financial institutions. AerCap has filed a registration statement with the SEC, which became effective on October 19, 2021. Investors are advised to review the prospectus and related documents for complete information about the company and the offering.
AerCap Holdings N.V. (NYSE: AER) has announced the filing of its interim financial report for the second quarter of 2024. The report, which includes unaudited condensed consolidated financial statements and notes for the quarter ended June 30, 2024, has been submitted to the U.S. Securities and Exchange Commission (SEC). Investors can access AerCap's Form 6-K on the company's website under the 'Investors' section or directly on the SEC's website. This filing provides stakeholders with the latest financial information and performance metrics for the global leader in aircraft leasing.
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